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My Profile Holiday Gift Guide Gift ideas & reviews for this holiday season Start Browsing You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures You Witness The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters You Witness News Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters New Thai prime minister faces immediate protests Mon Dec 15, 2008 12:56am EST Email | Print | Share | Reprints | Single Page [-] Text [+] By Chalathip Thirasoonthrakul BANGKOK (Reuters) - Opposition leader Abhisit Vejjajiva was selected as Thailand's third prime minister in as many months on Monday, taking control with a slender majority in parliament and an economy teetering on the brink of recession. In a sign of the trouble in store for the Oxford-educated economist, at least 200 supporters of the previous administration, sacked by the courts two weeks ago, blocked access to parliament and smashed windows of cars carrying MPs who had backed him. Chanting "Abhisit, army nominee," the red-shirted demonstrators denounced the 44-year-old as a front man for the military, which ousted elected leader Thaksin Shinawatra in 2006 and which has been accused of political meddling ever since. Abhisit won support from 235 MPs from his Democrat party and a range of others, including a breakaway faction of the Puea Thai party that had backed Thaksin, now convicted of graft and in exile. He needed 219 votes to become prime minister. His slender majority suggests the turmoil of the last three years will continue, especially when the economy, which depends on exports and tourism, feels the full force of the global slowdown and the recent week-long blockade of Bangkok's airports by royalist, anti-Thaksin protesters. "Very soon, the impact of the global economic crisis will be felt more seriously in Thailand. The new PM needs to prepare immediately for that," Sompop Manarungsan of Bangkok's Chulalongkorn University said. Outgoing Finance Minister Suchart Thada-Thamrongvech has forecast the economy would shrink 0.5-1.0 percent in the first quarter of 2009 from a year earlier and post no growth in the second, putting it on the brink of recession. Abhisit says reviving growth through increased government spending will be his priority, although it remains to be seen where he will get the money from. At a news conference immediately after the vote, Abhisit said he would not outline any ideas or initiatives until he was sworn in by King Bhumibol Adulyadej. He has suggested there could be some reallocation of regional spending, but that would be sure to outrage voters in the populous north and northeast, where a love of Thaksin and loathing of Abhisit runs deep. He was once forced to flee the stage at a Democrat rally in the northern city of Chiang Mai under a barrage of rotten vegetables. THAKSIN'S STILL AROUND Nor is Thaksin completely out of the picture. On Saturday, the telecoms billionaire made a recorded video address to 40,000 supporters at a Bangkok sports stadium, calling for national reconciliation and urging the military not to meddle in Monday's parliamentary vote. "May all sides take one step back and respect the results," he said. "Please don't use any institution to intervene. Just let the country move forward. Don't make people suffer more." Continued... 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